OpenPayd secures MiCA license to offer stablecoin services
OpenPayd secured MiCA authorization to operate as a crypto-asset service provider across the EEA, enabling fiat-to-stablecoin on- and off-ramping.
OpenPayd has obtained authorization under the EU Markets in Crypto‑Assets Regulation (MiCA) to operate as a crypto-asset service provider, the company announced. The license allows OpenPayd to offer fiat-to-stablecoin on- and off‑ramping, custody and related services across the European Economic Area via passporting.
Iana Dimitrova, OpenPayd’s chief executive, said “Stablecoins are rapidly becoming part of mainstream financial infrastructure.” She added that MiCA will give businesses greater confidence to use digital asset technology for payments, treasury operations and growth.
The authorization arrived days before the July 1 transitional deadline that required firms to obtain formal permission to continue operating in the bloc. Several other digital-asset firms have secured regulatory approvals in recent days as companies moved to comply with the new rules.
OpenPayd did not disclose which national regulator issued the authorization and provided no immediate detail on the supervising authority. The company launched its stablecoin infrastructure about a year ago and said its platform lets businesses manage fiat currencies and digital assets through a single interface.
Founded in London in 2018 by fintech entrepreneur Ozan Ozerk, OpenPayd processes more than $240 billion in annualized transaction volume for over 1,100 corporate clients, including Kraken, eToro, OKX and B2C2.
OpenPayd is pursuing a US public listing through a proposed merger with special purpose acquisition company Titan Acquisition Corp. If approved, the combined company would list on Nasdaq under the ticker OP, be valued at about $1.1 billion and is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals.
MiCA is the EU’s regulatory framework for crypto assets. It sets rules for issuers, service providers and stablecoins and enables EEA-wide passporting for authorized firms, with requirements covering consumer protection, operational resilience and market integrity.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
